Charles Schwab Active Trader Pulse Survey

Intro

Charles Schwab surveyed active traders in April 2020 to get a pulse on their thoughts on the U.S. equities market during the COVID-19 crisis.

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Survey datapoints

  • How traders describe their U.S. equity market outlook for the next three months:

    Overall, traders are neutral or bearish on the economy for the rest of the quarter.

  • Will volatility increase in Q2/2020 compared to Q1/2020? Traders believe yes:

    Even with record volatility in March 2020, traders believe volatility in Q2 2020 will outpace Q1 2020.

Survey datapoints

  • Traders expect the following sectors will experience the most volatility in 2020:

    With increased volatility expected, traders believe four sectors in particular will be the most impacted this year.

  • Active Traders plan to trade more in the next 6 months:

    Even with the recent uncertainty, traders indicate they are staying in the market, in contrast to previous economic downturns.

Survey datapoints

  • Traders are bracing for a lengthy bear cycle:

    Most traders believe the bear market will continue through 2020, and of those, 75% expect it to extend into Q1 2021. However, overall, 79% of traders do believe the economy will recover within three years.

  • Are Active Traders planning for additional easing measures from the Fed in 2020? Most say yes:

    As they plan for the rest of the year, most traders are factoring in additional easing measures from the Federal Reserve in 2020.

Survey Details:

Survey Details:

Logica Research surveyed 500 Active Traders using a third-party online panel. Participants were screened to ensure they live in the U.S., were between the ages of 18-75 and made 36 or more equity trades per year. The dates of interviewing were from April 14 – April 20, 2020.

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